Apana Logistics IPO
Market Sentiment
The overall score is a weighted average of the parts below, so one weak part can sit inside a strong overall reading.
IPO Details
Market Lot Size
IPO Reservation
Day-wise Subscription (times subscribed)
| Category | Day 1 | Day 2 | Day 3 |
|---|---|---|---|
| NII | 0.02x | 0.10x | 0.39x |
| bNII > ₹10L | 0.00x | 0.02x | 0.24x |
| sNII 2-10L | 0.07x | 0.25x | 0.68x |
| Retail | 0.40x | 1.13x | 2.22x |
| Total | 0.21x | 0.62x | 1.30x |
Financial Analysis
Financial Data
Financial Performance
| Metric | 2024 | 2025 | 2026 |
|---|---|---|---|
| Revenue | 20.33 | 21.61 | 31.07 |
| Expense | 16.22 | 17.24 | 21.84 |
| Profit (PAT) | 3.00 | 3.17 | 5.86 |
| Total Assets | 25.56 | 29.42 | 36.84 |
Peer Comparison
| Company | EPS | P/E | RoNW % | NAV | Income |
|---|---|---|---|---|---|
| Apana Logistics This IPO | 4.96 | 12.10 | 33.82 | 17.15 | - |
| Premiere Roadlines Limited | 5.97 | 6.97 | 14.23 | 44.93 | 330.76 Cr |
| VRL Logistics Limited | 13.54 | 22.15 | 21.27 | 65.31 | 3,221.11 Cr |
Strengths & Risks
- Revenue grew 44% in the latest reported year.
- Solid profit margin — 18.9%.
- Strong return on equity — 34%.
- Low leverage — debt/equity of 0.31.
- Lists on the exchange's SME platform, where trading is usually thinner than on the main board — selling at your price can be harder.
Compiled from this issue's live GMP, subscription, valuation and financial data, and updated as those figures change. Informational only — not investment advice. Always read the RHP before applying.
Company Information
About Apana Logistics
Since its establishment in 1992, Apana Logistics has been providing end-to-end container transportation and logistics services. The firm offers a wide range of services: container handling at Container Freight Stations (CFS), Inland Container Depots (ICD), and ports, road transportation, cargo handling at third-party warehouses, and the repair, operation, and maintenance of truck-trailers (TT). The firm works with some of India’s major container terminals and port operators. As of August 31, 2025, Apana Logistics owns and maintains a fleet size of thirty-three (33) truck-trailers and five (5) reach stackers. So far, the company has served more than 10 customers, of which 2 out of its 5 top customers have been in long-term relationships for over 10 years.
Company Contact Information
11A, Rajshree 6, Hastings Park Road Kolkata West Bengal
Objects of the Issue
| Purpose | Amount (Cr) |
|---|---|
| Funding capital expenditure requirement of company towards purchase of reach stackers | 25.00 |
| General corporate purposes | - |
Resources & Documents
Apana Logistics IPO - Quick Take
Apana Logistics has fixed the issue price at Rs 60 per share for an issue size of Rs 34 crore. The stock listed flat against its issue price.
The issue is promoted by Pratyaksh Sureka with Corporate Makers Capital Ltd. acting as lead manager. Net proceeds will primarily be used towards funding capital expenditure requirement of company towards purchase of reach stackers (Rs 25 crore) and general corporate purposes.
At the upper end of the price band, the issue is priced at a post-issue P/E of 12.10x. On fundamentals, the company is posting revenue growth of 43.8%, a profit margin of 18.9%, return on equity of 33.8% in its most recent reported period. Listed peers in this segment include Premiere Roadlines Limited (P/E 6.97x) and VRL Logistics Limited (P/E 22.15x) — useful reference points when evaluating the issue's pricing relative to where the broader sector is trading.
On our data-signal score, the combined signals for this issue currently read mixed — some indicators read positively and others do not. This is a summary of public data, not a recommendation to apply or skip. Past performance does not predict future returns — review the price chart and peer comparison below before trading.
Frequently Asked Questions
Apana Logistics IPO GMP — What It Means
GMP stops mattering once the shares trade — it only ever estimated the listing price. The summary at the top of this page compares the last pre-listing GMP with how the shares actually listed. Its last GMP before listing was 1.7%. Of the 47 SME IPOs we have tracked with a final GMP under 10%, 18 listed above, 10 flat and 19 below the issue price; Apana Logistics listed flat.
See the full Apana Logistics GMP history and trend, or learn how grey market premium works and how reliable it is.
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